| Sr.No | Entity | Sector | Rating Type | Dissemination Date |
Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Berger Paints Pakistan Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 16-Sep-21 | Initial | A- | A2 | Stable | - |
| 2 | Islamabad Feeds (Pvt.) Limited Press Release | Report | History |
Food and Allied | Entity | 16-Sep-21 | Maintain | BBB | A2 | Stable | - |
| 3 | Punjab Feeds Limited Press Release | Report | History |
Food and Allied | Entity | 16-Sep-21 | Initial | BBB | A2 | Stable | - |
| 4 | Hi-Tech Feeds (Pvt.) Limited Press Release | Report | History |
Food and Allied | Entity | 15-Sep-21 | Maintain | BBB- | A3 | Stable | - |
| 5 | Malik MIJ Chunxing Resources Recycling Company Limited Press Release | Report | History |
Engineering and Technology | Entity | 15-Sep-21 | Initial | BBB | A2 | Stable | - |
| 6 | Sadiq Poultry (Pvt.) Limited Press Release | Report | History |
Food and Allied | Entity | 14-Sep-21 | Maintain | BBB+ | A2 | Stable | - |
| 7 | JWS Pakistan Press Release | Report | History |
Banks | Entity | 14-Sep-21 | Maintain | BBB- | A3 | Positive | Yes |
| 8 | Sadiq Feeds (Pvt.) Limited Press Release | Report | History |
Food and Allied | Entity | 14-Sep-21 | Maintain | BBB+ | A2 | Stable | - |
| 9 | Harappa Solar (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 10-Sep-21 | Maintain | A | A1 | Stable | - |
| 10 | Bestway Cement Limited Press Release | Report | History |
Infrastructure | Entity | 09-Sep-21 | Maintain | AA- | A1+ | Stable | - |
| 11 | Din Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 08-Sep-21 | Initial | A- | A2 | Stable | - |
| 12 | Gul Ahmed Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 07-Sep-21 | Maintain | A | A1 | Positive | - |
| 13 | Nayatel (Pvt.) Limited Press Release | Report | History |
Communication | Entity | 04-Sep-21 | Maintain | A | A1 | Stable | - |
| 14 | Hunza Sugar Mills (Pvt.) Limited Press Release | Report | History |
Agriculture & Allied | Entity | 03-Sep-21 | Maintain | BBB | A2 | Positive | - |
| 15 | ThalNova Power Thar (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 02-Sep-21 | Initial | A- | A2 | Stable | - |
| 16 | BE Energy Limited Press Release | Report | History |
Energy | Entity | 27-Aug-21 | Maintain | A+ | A1 | Stable | - |
| 17 | Etimaad Engineering (Pvt.) Limited Press Release | Report | History |
Infrastructure | Entity | 26-Aug-21 | Upgrade | BBB+ | A2 | Stable | - |
| 18 | Warble (Pvt.) Limited Press Release | Report | History |
Agriculture & Allied | Entity | 26-Aug-21 | Maintain | BBB- | A3 | Stable | - |
| 19 | Welcon Chemicals (Pvt.) Limited Press Release | Report | History |
Agriculture & Allied | Entity | 26-Aug-21 | Maintain | BBB- | A3 | Stable | - |
| 20 | Fazal Rehman Fabrics Limited Press Release | Report | History |
Textile & Allied | Entity | 25-Aug-21 | Maintain | A- | A2 | Positive | - |
| 21 | Ahmed Fine Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 25-Aug-21 | Maintain | A- | A2 | Positive | - |
| 22 | Byco Petroleum Pakistan Limited Press Release | Report | History |
Energy | Entity | 25-Aug-21 | Maintain | A- | A2 | Stable | Yes |
| 23 | MAAKSONS ENGINEERING CORPORATION LIMITED Press Release | Report | History |
Infrastructure | Entity | 24-Aug-21 | Maintain | BBB+ | A2 | Stable | - |
| 24 | Khas Textile Mills (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 23-Aug-21 | Maintain | BB+ | A3 | Stable | - |
| 25 | Tufail Chemical Industries Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 23-Aug-21 | Maintain | A- | A2 | Stable | - |
| 26 | Sindh Abadgars Sugar Mills Limited Press Release | Report | History |
Agriculture & Allied | Entity | 23-Aug-21 | Maintain | BBB | A2 | Stable | - |
| 27 | AGAHE Pakistan Press Release | Report | History |
Banks | Entity | 21-Aug-21 | Maintain | BB+ | A3 | Positive | Yes |
| 28 | Awan Trading Company (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 20-Aug-21 | Maintain | BBB+ | A2 | Stable | - |
| 29 | U Microfinance Bank Limited Press Release | Report | History |
Banks | Entity | 18-Aug-21 | Maintain | A | A1 | Stable | Yes |
| 30 | National Transmission & Despatch Company Limited Press Release | Report | History |
Energy | Entity | 13-Aug-21 | Maintain | AA+ | A1+ | Stable | - |
| 31 | Pak Suzuki Motor Company Limited Press Release | Report | History |
Auto and Allied | Entity | 11-Aug-21 | Maintain | AA- | A1 | Stable | - |
| 32 | The General Tyre & Rubber Company of Pakistan Limited Press Release | Report | History |
Auto and Allied | Entity | 10-Aug-21 | Upgrade | A+ | A1 | Stable | - |
| 33 | Lucky Electric Power Company Limited Press Release | Report | History |
Energy | Entity | 06-Aug-21 | Maintain | AA- | A1 | Stable | - |
| 34 | Al Rahim Textile Industries Limited Press Release | Report | History |
Textile & Allied | Entity | 06-Aug-21 | Maintain | A- | A2 | Stable | - |
| 35 | Sadiq Oil Extraction (Pvt.) Ltd Press Release | Report | History |
Food and Allied | Entity | 06-Aug-21 | Maintain | BBB- | A3 | Stable | - |
| 36 | Eastern Garments (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 06-Aug-21 | Maintain | BBB+ | A2 | Stable | - |
| 37 | Pakistan Synthetics Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 06-Aug-21 | Maintain | BBB+ | A2 | Stable | - |
| 38 | Mekotex (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 06-Aug-21 | Maintain | A- | A2 | Stable | - |
| 39 | AWT Investments Limited Press Release | Report | History |
Capital Markets | Entity | 05-Aug-21 | Initial | AM3++ | Stable | - | |
| 40 | Interwood Mobel (Pvt.) Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 04-Aug-21 | Maintain | BBB+ | A2 | Stable | - |
| 41 | M.Y. Bari Mills (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 04-Aug-21 | Maintain | BBB | A2 | Stable | - |
| 42 | Jahangir Siddiqui & Co. Ltd. Press Release | Report | History |
Holding Company | Entity | 30-Jul-21 | Maintain | AA | A1+ | Stable | - |
| 43 | Fauji Fertilizer Company Limited Press Release | Report | History |
Agriculture & Allied | Entity | 30-Jul-21 | Maintain | AA+ | A1+ | Stable | - |
| 44 | Fatima Fertilizer Company Limited Press Release | Report | History |
Agriculture & Allied | Entity | 30-Jul-21 | Maintain | AA- | A1+ | Stable | - |
| 45 | Pak Arab Fertilizers Limited Press Release | Report | History |
Agriculture & Allied | Entity | 30-Jul-21 | Maintain | A- | A2 | Developing | Yes |
| 46 | Sarena Textile Industries (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 30-Jul-21 | Upgrade | A | A2 | Stable | - |
| 47 | Honda Centre (Pvt.) Limited Press Release | Report | History |
Auto and Allied | Entity | 29-Jul-21 | Maintain | BBB | A2 | Stable | - |
| 48 | Pakistan Oxygen Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 29-Jul-21 | Maintain | A | A1 | Stable | - |
| 49 | Engro Fertilizers Limited Press Release | Report | History |
Agriculture & Allied | Entity | 29-Jul-21 | Maintain | AA | A1+ | Stable | - |
| 50 | Fazal Cloth Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 25-Jul-21 | Maintain | A- | A2 | Positive | - |
| 51 | Sindh Engro Coal Mining Company Press Release | Report | History |
Energy | Entity | 19-Jul-21 | Maintain | AA | A1+ | Stable | - |
| 52 | ACT2 Wind (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 19-Jul-21 | Upgrade | BBB+ | A2 | Stable | - |
| 53 | NIMIR Industrial Chemicals Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 17-Jul-21 | Maintain | A+ | A1 | Stable | - |
| 54 | Nimir Resins Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 17-Jul-21 | Maintain | A- | A2 | Stable | - |
| 55 | Engro Polymer & Chemicals Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 17-Jul-21 | Maintain | AA- | A1+ | Positive | - |
| 56 | Jamal Pipe Industries (Pvt.) Limited Press Release | Report | History |
Infrastructure | Entity | 16-Jul-21 | Maintain | BBB | A2 | Stable | - |
| 57 | Liberty Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 10-Jul-21 | Maintain | A+ | A1 | Stable | - |
| 58 | Engro Elengy Terminal (Private) Limited Press Release | Report | History |
Energy | Entity | 06-Jul-21 | Maintain | AA- | A1 | Stable | - |
| 59 | Pak Elektron Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 06-Jul-21 | Maintain | A+ | A1 | Stable | - |
| 60 | Amreli Steels Limited Press Release | Report | History |
Infrastructure | Entity | 05-Jul-21 | Maintain | A- | A2 | Stable | - |
| 61 | Kohat Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 01-Jul-21 | Maintain | A- | A2 | Stable | - |
| 62 | Saif Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 01-Jul-21 | Maintain | A- | A2 | Stable | - |
| 63 | Descon Oxychem Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 01-Jul-21 | Maintain | A | A1 | Positive | - |
| 64 | GuarantCo Limited Press Release | Report | History |
Non Banking Financial Institutes | Entity | 30-Jun-21 | Maintain | AAA | A1+ | Stable | - |
| 65 | K-Electric Limited Press Release | Report | History |
Energy | Entity | 29-Jun-21 | Maintain | AA | A1+ | Stable | - |
| 66 | Pakistan Kuwait Investment Company (Pvt.) Limited Press Release | Report | History |
Development Institutions | Entity | 29-Jun-21 | Maintain | AAA | A1+ | Stable | - |
| 67 | Chanar Energy Limited Press Release | Report | History |
Energy | Entity | 28-Jun-21 | Maintain | BBB- | A3 | Negative | Yes |
| 68 | First Women Bank Limited Press Release | Report | History |
Banks | Entity | 28-Jun-21 | Maintain | A- | A2 | Stable | Yes |
| 69 | Bank Alfalah Limited Press Release | Report | History |
Banks | Entity | 26-Jun-21 | Maintain | AA+ | A1+ | Stable | - |
| 70 | Bank AL Habib Limited Press Release | Report | History |
Banks | Entity | 26-Jun-21 | Upgrade | AAA | A1+ | Stable | - |
| 71 | Faysal Bank Limited Press Release | Report | History |
Banks | Entity | 26-Jun-21 | Maintain | AA | A1+ | Stable | - |
| 72 | The Bank of Khyber Press Release | Report | History |
Banks | Entity | 26-Jun-21 | Maintain | A | A1 | Stable | - |
| 73 | Standard Chartered Bank (Pakistan) Limited Press Release | Report | History |
Banks | Entity | 25-Jun-21 | Maintain | AAA | A1+ | Stable | - |
| 74 | Nishat Hotels and Properties Ltd Press Release | Report | History |
Consumers Goods & Services | Entity | 25-Jun-21 | Maintain | A- | A2 | Stable | Yes |
| 75 | Askari Bank Limited Press Release | Report | History |
Banks | Entity | 25-Jun-21 | Maintain | AA+ | A1+ | Stable | - |
| 76 | Roomi Fabrics Limited Press Release | Report | History |
Textile & Allied | Entity | 25-Jun-21 | Maintain | A- | A2 | Stable | Yes |
| 77 | Pakistan Microfinance Investment Company Limited Press Release | Report | History |
Development Institutions | Entity | 25-Jun-21 | Maintain | AA | A1+ | Stable | Yes |
| 78 | National Bank of Pakistan Press Release | Report | History |
Banks | Entity | 25-Jun-21 | Maintain | AAA | A1+ | Stable | - |
| 79 | Mahmood Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 25-Jun-21 | Maintain | A- | A2 | Stable | - |
| 80 | PAIR Investment Company Limited Press Release | Report | History |
Development Institutions | Entity | 25-Jun-21 | Maintain | AA | A1+ | Stable | - |
| 81 | ACT Wind (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 25-Jun-21 | Maintain | A | A1 | Positive | - |
| 82 | AlBaraka Bank (Pakistan) Limited Press Release | Report | History |
Banks | Entity | 25-Jun-21 | Maintain | A | A1 | Stable | - |
| 83 | Soneri Bank Limited Press Release | Report | History |
Banks | Entity | 25-Jun-21 | Maintain | AA- | A1+ | Stable | - |
| 84 | Pioneer Cement Limited Press Release | Report | History |
Infrastructure | Entity | 25-Jun-21 | Maintain | A | A2 | Negative | - |
| 85 | Habib Metropolitan Bank Limited Press Release | Report | History |
Banks | Entity | 25-Jun-21 | Maintain | AA+ | A1+ | Stable | - |
| 86 | Pak-Libya Holding Company (Pvt.) Limited Press Release | Report | History |
Development Institutions | Entity | 25-Jun-21 | Maintain | AA- | A1+ | Positive | - |
| 87 | Engro Corporation Limited Press Release | Report | History |
Holding Company | Entity | 25-Jun-21 | Maintain | AA+ | A1+ | Stable | - |
| 88 | Dawood Hercules Corporation Limited Press Release | Report | History |
Holding Company | Entity | 25-Jun-21 | Maintain | AA | A1+ | Stable | - |
| 89 | Siddiqsons Limited Press Release | Report | History |
Textile & Allied | Entity | 24-Jun-21 | Maintain | A- | A1 | Stable | Yes |
| 90 | Reliance Weaving Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 24-Jun-21 | Maintain | A- | A2 | Positive | - |
| 91 | E-Vision Manufacturing Limited Press Release | Report | History |
Textile & Allied | Entity | 24-Jun-21 | Maintain | BBB | A2 | Stable | - |
| 92 | BankIslami Pakistan Limited Press Release | Report | History |
Banks | Entity | 24-Jun-21 | Maintain | A+ | A1 | Positive | - |
| 93 | Allied Bank Limited Press Release | Report | History |
Banks | Entity | 23-Jun-21 | Maintain | AAA | A1+ | Stable | - |
| 94 | MCB Islamic Bank Limited Press Release | Report | History |
Banks | Entity | 23-Jun-21 | Maintain | A | A1 | Stable | - |
| 95 | Master Green Energy Limited Press Release | Report | History |
Energy | Entity | 23-Jun-21 | Maintain | A | A1 | Developing | Yes |
| 96 | MCB Bank Limited Press Release | Report | History |
Banks | Entity | 23-Jun-21 | Maintain | AAA | A1+ | Stable | - |
| 97 | Narowal Energy Limited Press Release | Report | History |
Energy | Entity | 23-Jun-21 | Maintain | AA- | A1+ | Stable | - |
| 98 | JS Bank Limited Press Release | Report | History |
Banks | Entity | 23-Jun-21 | Maintain | AA- | A1+ | Stable | - |
| 99 | Olympia Chemicals Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 21-Jun-21 | Initial | A- | A1 | Stable | - |
| 100 | The Hub Power Company Limited Press Release | Report | History |
Energy | Entity | 21-Jun-21 | Maintain | AA+ | A1+ | Stable | - |
| 101 | The Bank of Punjab Press Release | Report | History |
Banks | Entity | 18-Jun-21 | Upgrade | AA+ | A1+ | Stable | - |
| 102 | Aslam Energy (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 17-Jun-21 | Initial | BBB+ | A2 | Stable | - |
| 103 | Flow Petroleum (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 17-Jun-21 | Initial | BBB+ | A2 | Stable | - |
| 104 | Packages Limited Press Release | Report | History |
Holding Company | Entity | 16-Jun-21 | Maintain | AA | A1+ | Stable | - |
| 105 | Ghani Chemical Industries Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 14-Jun-21 | Upgrade | A | A1 | Stable | - |
| 106 | Avanceon Limited Press Release | Report | History |
Engineering and Technology | Entity | 11-Jun-21 | Initial | A- | A2 | Stable | - |
| 107 | Pak-Arab Pipeline Company Limited Press Release | Report | History |
Logistics | Entity | 10-Jun-21 | Maintain | AAA | A1+ | Stable | - |
| 108 | LOTTE Kolson (Pvt.) Limited Press Release | Report | History |
Food and Allied | Entity | 09-Jun-21 | Maintain | A- | A2 | Stable | - |
| 109 | Pakistan Refinery Limited Press Release | Report | History |
Energy | Entity | 09-Jun-21 | Maintain | A- | A2 | Stable | Yes |
| 110 | Gas & Oil Pakistan Limited Press Release | Report | History |
Energy | Entity | 04-Jun-21 | Maintain | A+ | A1 | Stable | - |
| 111 | Martin Dow Marker Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 04-Jun-21 | Initial | A+ | A1 | Stable | - |
| 112 | Panther Tyres Limited Press Release | Report | History |
Auto and Allied | Entity | 01-Jun-21 | Maintain | A | A1 | Stable | - |
| 113 | National Refinery Limited Press Release | Report | History |
Energy | Entity | 28-May-21 | Maintain | AA+ | A1+ | Negative | - |
| 114 | Attock Refinery Limited Press Release | Report | History |
Energy | Entity | 27-May-21 | Maintain | AA | A1+ | Negative | Yes |
| 115 | Khadim Ali Shah Bukhari Securities Limited Press Release | Report | History |
Capital Markets | Entity | 26-May-21 | Initial | BBB+ | A2 | Stable | - |
| 116 | Pakistan Mobile Communications Limited Press Release | Report | History |
Communication | Entity | 26-May-21 | Upgrade | AA | A1 | Stable | - |
| 117 | Hub Power Holdings Limited Press Release | Report | History |
Holding Company | Entity | 21-May-21 | Maintain | AA | A1+ | Stable | - |
| 118 | Sitara Petroleum Service (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 19-May-21 | Maintain | A- | A2 | Stable | - |
| 119 | TPL Corp Limited Press Release | Report | History |
Holding Company | Entity | 18-May-21 | Maintain | A | A1 | Stable | - |
| 120 | Nishat Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 08-May-21 | Maintain | AA | A1+ | Stable | - |
| 121 | TPL Properties Limited Press Release | Report | History |
Infrastructure | Entity | 07-May-21 | Maintain | A+ | A1 | Stable | - |
| 122 | Sefam (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 07-May-21 | Maintain | A- | A2 | Positive | - |
| 123 | Flying Cement Company Limited Press Release | Report | History |
Infrastructure | Entity | 07-May-21 | Maintain | A- | A2 | Stable | Yes |
| 124 | AL Textile (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 07-May-21 | Maintain | BBB | A2 | Stable | Yes |
| 125 | Infra Zamin Pakistan Limited Press Release | Report | History |
Non Banking Financial Institutes | Entity | 04-May-21 | Initial | AAA | A1+ | Stable | - |
| 126 | Alfalah CLSA Securities (Pvt.) Limited
Press Release | Report | History |
Capital Markets | Entity | 04-May-21 | Maintain | A- | A1 | Stable | - |
| 127 | Telenor Microfinance Bank Limited Press Release | Report | History |
Banks | Entity | 30-Apr-21 | Maintain | A+ | A1 | Negative | - |
| 128 | EcoPack Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 30-Apr-21 | Maintain | BBB+ | A2 | Negative | Yes |
| 129 | NRSP Microfinance Bank Limited Press Release | Report | History |
Banks | Entity | 30-Apr-21 | Maintain | A | A1 | Stable | Yes |
| 130 | Shahzad Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 30-Apr-21 | Maintain | BBB+ | A2 | Stable | Yes |
| 131 | Mobilink Microfinance Bank Limited Press Release | Report | History |
Banks | Entity | 30-Apr-21 | Maintain | A | A1 | Positive | - |
| 132 | Apna Microfinance Bank Limited Press Release | Report | History |
Banks | Entity | 30-Apr-21 | Maintain | BBB+ | A3 | Stable | Yes |
| 133 | Rustam Towel (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 29-Apr-21 | Upgrade | BBB | A2 | Stable | - |
| 134 | Matracon Pakistan (Pvt.) Limited Press Release | Report | History |
Infrastructure | Entity | 29-Apr-21 | Initial | BBB | A2 | Stable | - |
| 135 | FINCA Microfinance Bank Limited Press Release | Report | History |
Banks | Entity | 28-Apr-21 | Maintain | A | A1 | Stable | Yes |
| 136 | Masood Fabrics Limited Press Release | Report | History |
Textile & Allied | Entity | 26-Apr-21 | Maintain | A- | A2 | Stable | Yes |
| 137 | Allawasaya Textile & Finishing Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 26-Apr-21 | Maintain | BBB- | A3 | Stable | Yes |
| 138 | Allawasaya Spinning Mills (Pvt) Limited Press Release | Report | History |
Textile & Allied | Entity | 26-Apr-21 | Maintain | BB+ | A3 | Stable | Yes |
| 139 | SAFCO Support Foundation Press Release | Report | History |
Banks | Entity | 23-Apr-21 | Maintain | BBB | A3 | Stable | Yes |
| 140 | Diamond Tyres Limited Press Release | Report | History |
Auto and Allied | Entity | 22-Apr-21 | Initial | A- | A2 | Stable | - |
| 141 | Jhulay Lal Parboiled Rice Mill Press Release | Report | History |
Agriculture & Allied | Entity | 19-Apr-21 | Maintain | BBB | A2 | Stable | - |
| 142 | National Foods Limited Press Release | Report | History |
Food and Allied | Entity | 19-Apr-21 | Initial | AA- | A1 | Stable | - |
| 143 | Al-Abbas Sugar Mills Limited Press Release | Report | History |
Agriculture & Allied | Entity | 12-Apr-21 | Maintain | A+ | A1 | Stable | - |
| 144 | Cherat Cement Company Limited Press Release | Report | History |
Infrastructure | Entity | 10-Apr-21 | Maintain | A | A1 | Positive | - |
| 145 | Sindh Microfinance Bank Limited Press Release | Report | History |
Banks | Entity | 09-Apr-21 | Maintain | A- | A2 | Stable | Yes |
| 146 | Optimus Capital Management (Pvt.) Limited Press Release | Report | History |
Capital Markets | Entity | 09-Apr-21 | Maintain | A- | A2 | Stable | - |
| 147 | Master Wind Energy Limited Press Release | Report | History |
Energy | Entity | 08-Apr-21 | Maintain | A | A1 | Stable | - |
| 148 | Mirpurkhas Sugar Mills Limited Press Release | Report | History |
Agriculture & Allied | Entity | 07-Apr-21 | Maintain | A- | A2 | Stable | - |
| 149 | Masood Spinning Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 07-Apr-21 | Maintain | BBB+ | A2 | Stable | Yes |
| 150 | SME Leasing Limited Press Release | Report | History |
Non Banking Financial Institutes | Entity | 06-Apr-21 | Downgrade | B- | A4 | Negative | Yes |
| 151 | Escorts Investment Bank Limited Press Release | Report | History |
Non Banking Financial Institutes | Entity | 05-Apr-21 | Maintain | A- | A2 | Stable | - |
| 152 | Secure Logistics Group (Pvt.) Limited Press Release | Report | History |
Auto and Allied | Entity | 03-Apr-21 | Maintain | A- | A2 | Stable | - |
| 153 | Gharibwal Cement Limited Press Release | Report | History |
Infrastructure | Entity | 02-Apr-21 | Upgrade | A | A2 | Stable | - |
| 154 | Fecto Cement Limited Press Release | Report | History |
Infrastructure | Entity | 02-Apr-21 | Maintain | A- | A2 | Stable | Yes |
| 155 | Sargodha Jute Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 31-Mar-21 | Maintain | A- | A2 | Stable | - |
| 156 | Saif Power Limited Press Release | Report | History |
Energy | Entity | 30-Mar-21 | Maintain | A+ | A1 | Stable | - |
| 157 | Basfa Textile (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 29-Mar-21 | Maintain | BBB- | A3 | Stable | Yes |
| 158 | Kohinoor Energy Limited Press Release | Report | History |
Energy | Entity | 26-Mar-21 | Maintain | AA | A1+ | Stable | - |
| 159 | Modaraba Al-Mali Press Release | Report | History |
Non Banking Financial Institutes | Entity | 26-Mar-21 | Maintain | BBB+ | A2 | Developing | Yes |
| 160 | Jadeed Feeds Industries (Pvt.) Limited Press Release | Report | History |
Food and Allied | Entity | 25-Mar-21 | Initial | A- | A2 | Stable | - |
| 161 | Pakistan Services Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 24-Mar-21 | Maintain | A | A1 | Negative | Yes |
| 162 | Halmore Power Generation Company Limited Press Release | Report | History |
Energy | Entity | 24-Mar-21 | Maintain | A+ | A1 | Stable | - |
| 163 | Descon Engineering Limited Press Release | Report | History |
Infrastructure | Entity | 20-Mar-21 | Initial | AA- | A1 | Stable | - |
| 164 | Unicol Limited Press Release | Report | History |
Agriculture & Allied | Entity | 19-Mar-21 | Initial | A | A1 | Stable | - |
| 165 | Maksons Textile (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 18-Mar-21 | Upgrade | BBB- | A2 | Stable | - |
| 166 | Reliance Petrochem Industries (Pvt.) Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 16-Mar-21 | Upgrade | BBB+ | A2 | Stable | - |
| 167 | Zahir Khan & Brothers Press Release | Report | History |
Infrastructure | Entity | 10-Mar-21 | Maintain | A | A2 | Stable | - |
| 168 | ORIX Modaraba Press Release | Report | History |
Non Banking Financial Institutes | Entity | 04-Mar-21 | Maintain | AA | A1+ | Stable | - |
| 169 | D.G. Khan Cement Company Limited Press Release | Report | History |
Infrastructure | Entity | 04-Mar-21 | Maintain | AA- | A1+ | Stable | - |
| 170 | Liberty Wind Power 2 Limited Press Release | Report | History |
Energy | Entity | 04-Mar-21 | Initial | A- | A2 | Stable | - |
| 171 | Brainchild Communications Pakistan (Pvt.) Limited Press Release | Report | History |
Communication | Entity | 04-Mar-21 | Upgrade | BBB+ | A2 | Stable | - |
| 172 | Shujabad Agro Industries (Pvt.) Limited Press Release | Report | History |
Food and Allied | Entity | 04-Mar-21 | Upgrade | A- | A2 | Stable | - |
| 173 | Liberty Wind Power 1 Limited Press Release | Report | History |
Energy | Entity | 04-Mar-21 | Initial | A- | A2 | Stable | - |
| 174 | ORIX Leasing Pakistan Limited Press Release | Report | History |
Non Banking Financial Institutes | Entity | 03-Mar-21 | Maintain | AA+ | A1+ | Stable | - |
| 175 | Sapphire Electric Company Limited Press Release | Report | History |
Energy | Entity | 26-Feb-21 | Maintain | AA- | A1+ | Stable | - |
| 176 | Oursun Pakistan Limited Press Release | Report | History |
Energy | Entity | 26-Feb-21 | Upgrade | A | A1 | Stable | - |
| 177 | Pakistan International Bulk Terminal Limited Press Release | Report | History |
Energy | Entity | 25-Feb-21 | Upgrade | A | A2 | Stable | - |
| 178 | Maqbool Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 20-Feb-21 | Maintain | BBB+ | A2 | Stable | - |
| 179 | K.K. Rice Mills (Pvt.) Limited Press Release | Report | History |
Agriculture & Allied | Entity | 19-Feb-21 | Maintain | BBB | A2 | Stable | - |
| 180 | Gul Ahmed Electric Limited Press Release | Report | History |
Energy | Entity | 19-Feb-21 | Upgrade | A- | A2 | Stable | - |
| 181 | Nishat Paper Products Company Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 17-Feb-21 | Initial | A | A1 | Stable | - |
| 182 | Kohat Cement Company Limited Press Release | Report | History |
Infrastructure | Entity | 12-Feb-21 | Maintain | A | A1 | Stable | - |
| 183 | Punjab Oil Mills Limited Press Release | Report | History |
Food and Allied | Entity | 11-Feb-21 | Maintain | BBB+ | A2 | Stable | - |
| 184 | EGAS (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 10-Feb-21 | Maintain | BBB | A2 | Stable | - |
| 185 | Hi-Tech Edible Oils (Pvt.) Limited Press Release | Report | History |
Food and Allied | Entity | 09-Feb-21 | Maintain | BBB | A2 | Stable | - |
| 186 | Ibrahim Fibres Limited Press Release | Report | History |
Textile & Allied | Entity | 08-Feb-21 | Maintain | AA | A1+ | Stable | - |
| 187 | Loads Limited Press Release | Report | History |
Auto and Allied | Entity | 06-Feb-21 | Maintain | A | A1 | Stable | - |
| 188 | Energy Infrastructure Holding (Pvt.) Limited Press Release | Report | History |
Holding Company | Entity | 03-Feb-21 | Maintain | A- | A1 | Stable | - |
| 189 | KSB Pumps Company Limited Press Release | Report | History |
Engineering and Technology | Entity | 01-Feb-21 | Initial | A+ | A1 | Stable | - |
| 190 | Foundation Power Company Daharki Limited Press Release | Report | History |
Energy | Entity | 01-Feb-21 | Maintain | AA- | A1+ | Stable | - |
| 191 | Jauharabad Sugar Mills Limited Press Release | Report | History |
Agriculture & Allied | Entity | 29-Jan-21 | Upgrade | BBB+ | A2 | Stable | - |
| 192 | H. Sheikh Noor-ud-Din & Sons (Private) Limited Press Release | Report | History |
Textile & Allied | Entity | 18-Jan-21 | Maintain | BBB | A2 | Negative | Yes |
| 193 | Toyota Jinnah Motors (Pvt.) Limited Press Release | Report | History |
Auto and Allied | Entity | 18-Jan-21 | Maintain | BBB | A2 | Stable | Yes |
| 194 | Spud Energy Pty Limited (Pakistan Branch) Press Release | Report | History |
Energy | Entity | 15-Jan-21 | Upgrade | A | A1 | Stable | - |
| 195 | Jadeed Oil Extraction (Private) Limited Press Release | Report | History |
Food and Allied | Entity | 09-Jan-21 | Initial | BBB- | A3 | Stable | - |
| 196 | ISE Towers REIT Management Company Limited Press Release | Report | History |
Non Banking Financial Institutes | Entity | 07-Jan-21 | Initial | A | A1 | Stable | - |
| 197 | China Power Hub Generation Company (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 01-Jan-21 | Upgrade | AA+ | A1+ | Stable | - |
| 198 | Kassim Textiles (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 31-Dec-20 | Initial | A- | A2 | Stable | - |
| 199 | Getz Pharma (Pvt.) Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 30-Dec-20 | Maintain | AA- | A1 | Stable | - |
| 200 | Zaver Petroleum Corporation (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 30-Dec-20 | Initial | A- | A2 | Stable | - |
| 201 | Tufail Chemical & Surfactants (Pvt.) Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 30-Dec-20 | Maintain | A- | A2 | Stable | - |
| 202 | Sui Southern Gas Company Limited Press Release | Report | History |
Energy | Entity | 24-Dec-20 | Maintain | A+ | A1 | Negative | Yes |
| 203 | Airlink Communication Press Release | Report | History |
Distributors | Entity | 24-Dec-20 | Maintain | A- | A1 | Stable | - |
| 204 | Siddiqsons Tinplate Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 24-Dec-20 | Maintain | A- | A2 | Stable | - |
| 205 | United Ethanol Industries Limited Press Release | Report | History |
Agriculture & Allied | Entity | 24-Dec-20 | Maintain | A- | A2 | Stable | - |
| 206 | Pakistan National Shipping Corporation Press Release | Report | History |
Logistics | Entity | 24-Dec-20 | Maintain | AA | A1+ | Stable | - |
| 207 | HUM Network Limited Press Release | Report | History |
Communication | Entity | 24-Dec-20 | Maintain | A+ | A1 | Developing | Yes |
| 208 | EFG Hermes Pakistan Limited Press Release | Report | History |
Capital Markets | Entity | 24-Dec-20 | Maintain | A- | A1 | Stable | - |
| 209 | Usmani International Associates (Pvt.) Limited Press Release | Report | History |
Infrastructure | Entity | 24-Dec-20 | Maintain | BB+ | A3 | Stable | - |
| 210 | TPL Trakker Limited Press Release | Report | History |
Logistics | Entity | 23-Dec-20 | Maintain | A- | A2 | Stable | - |
| 211 | Cherat Packaging Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 23-Dec-20 | Maintain | A | A1 | Stable | - |
| 212 | Sayban International Press Release | Report | History |
Agriculture & Allied | Entity | 22-Dec-20 | Maintain | BB+ | A3 | Positive | - |
| 213 | Orient Petroleum Inc. (Pakistan Branch) Press Release | Report | History |
Energy | Entity | 22-Dec-20 | Initial | A- | A2 | Stable | - |
| 214 | Ghulam Rasool & Company (Pvt.) Limited Press Release | Report | History |
Infrastructure | Entity | 18-Dec-20 | Upgrade | BBB+ | A2 | Stable | - |
| 215 | IGI Holdings Limited Press Release | Report | History |
Holding Company | Entity | 18-Dec-20 | Maintain | AA | A1+ | Stable | - |
| 216 | Ismail Industries Limited Press Release | Report | History |
Food and Allied | Entity | 14-Dec-20 | Maintain | A | A1 | Stable | - |
| 217 | Khaadi Pakistan (SMC-Pvt) Limited Press Release | Report | History |
Textile & Allied | Entity | 14-Dec-20 | Initial | A- | A2 | Stable | - |
| 218 | JS Global Capital Limited Press Release | Report | History |
Capital Markets | Entity | 14-Dec-20 | Maintain | AA | A1+ | Stable | - |
| 219 | Mega Conglomerate (Pvt.) Limited Press Release | Report | History |
Holding Company | Entity | 14-Dec-20 | Maintain | AA- | A1 | Stable | - |
| 220 | Pak Arab Refinery Limited Press Release | Report | History |
Energy | Entity | 10-Dec-20 | Maintain | AAA | A1+ | Stable | - |
| 221 | Kingcrete Builders Press Release | Report | History |
Infrastructure | Entity | 03-Dec-20 | Upgrade | BBB | A2 | Stable | - |
| 222 | Sapphire Finishing Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 27-Nov-20 | Maintain | A | A1 | Stable | - |
| 223 | Fazal Holdings (Pvt.) Limited Press Release | Report | History |
Holding Company | Entity | 24-Nov-20 | Maintain | A | A1 | Stable | - |
| 224 | Sapphire Fibres Limited Press Release | Report | History |
Textile & Allied | Entity | 23-Nov-20 | Maintain | A+ | A1 | Stable | - |
| 225 | Ahmed Fine Weaving Limited Press Release | Report | History |
Textile & Allied | Entity | 18-Nov-20 | Maintain | A- | A2 | Stable | - |
| 226 | Gul Ahmed Energy Limited Press Release | Report | History |
Energy | Entity | 10-Nov-20 | Initial | A- | A2 | Stable | - |
| 227 | Pharmagen Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 06-Nov-20 | Upgrade | A- | A2 | Stable | - |
| 228 | Sui Northern Gas Pipelines Limited Press Release | Report | History |
Energy | Entity | 06-Nov-20 | Maintain | AA- | A1 | Stable | - |
| 229 | Ghandhara Nissan Limited Press Release | Report | History |
Auto and Allied | Entity | 05-Nov-20 | Maintain | A | A1 | Stable | - |
| 230 | Ghandhara Industries Limited Press Release | Report | History |
Auto and Allied | Entity | 05-Nov-20 | Maintain | A | A1 | Stable | - |
| 231 | Orient Rental Modaraba Press Release | Report | History |
Non Banking Financial Institutes | Entity | 04-Nov-20 | Initial | A- | A2 | Stable | - |
| 232 | Habibullah Coastal Power Company (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 04-Nov-20 | Maintain | A | A1 | Developing | Yes |
| 233 | Islamabad Farms Press Release | Report | History |
Food and Allied | Entity | 29-Oct-20 | Maintain | BBB- | A3 | Stable | - |
| 234 | Kangore Traders Press Release | Report | History |
Agriculture & Allied | Entity | 29-Oct-20 | Upgrade | BBB | A2 | Stable | - |
| 235 | AGP Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 29-Oct-20 | Maintain | A+ | A1 | Stable | - |
| 236 | Zahidjee Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 29-Oct-20 | Maintain | A- | A2 | Positive | - |
| 237 | Mumtaz Feeds & Allied Industries (Pvt.) Limited Press Release | Report | History |
Food and Allied | Entity | 28-Oct-20 | Upgrade | BBB- | A2 | Stable | - |
| 238 | Mughal Iron & Steel Industries Limited Press Release | Report | History |
Infrastructure | Entity | 23-Oct-20 | Upgrade | A | A2 | Stable | - |
| 239 | Engro Eximp Agriproducts (Pvt.) Limited Press Release | Report | History |
Agriculture & Allied | Entity | 16-Oct-20 | Maintain | A- | A2 | Stable | - |
| 240 | Habib Construction Services Limited Press Release | Report | History |
Infrastructure | Entity | 16-Oct-20 | Maintain | BBB | A2 | Stable | - |
| 241 | Reliance International Commodities Exports (Pvt.) Limited Press Release | Report | History |
Agriculture & Allied | Entity | 16-Oct-20 | Upgrade | BB+ | A3 | Stable | - |
| 242 | Awami Agro Commodities Press Release | Report | History |
Agriculture & Allied | Entity | 14-Oct-20 | Upgrade | BBB- | A2 | Stable | - |
| 243 | Hassan Ali Rice Export Company Press Release | Report | History |
Agriculture & Allied | Entity | 14-Oct-20 | Maintain | BBB | A2 | Stable | - |
| 244 | Liberty Power Tech Limited Press Release | Report | History |
Energy | Entity | 08-Oct-20 | Maintain | A+ | A1 | Stable | - |
| 245 | MACPAC Films Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 05-Oct-20 | Maintain | BBB- | A3 | Stable | - |
| 246 | SGM Sugar Mills Limited Press Release | Report | History |
Agriculture & Allied | Entity | 02-Oct-20 | Maintain | BBB- | A3 | Positive | - |
| 247 | LalPir Power Limited Press Release | Report | History |
Energy | Entity | 01-Oct-20 | Maintain | AA | A1 | Stable | - |
| 248 | PakGen Power Limited Press Release | Report | History |
Energy | Entity | 01-Oct-20 | Maintain | AA | A1 | Stable | - |
| 249 | Atlas Power Limited Press Release | Report | History |
Energy | Entity | 30-Sep-20 | Maintain | AA- | A1+ | Stable | - |
| 250 | Popular Sugar Mills Limited Press Release | Report | History |
Agriculture & Allied | Entity | 30-Sep-20 | Maintain | BBB+ | A2 | Stable | - |
| 251 | Noon Sugar Mills Limited Press Release | Report | History |
Agriculture & Allied | Entity | 30-Sep-20 | Upgrade | BBB+ | A2 | Stable | - |
| 252 | Thardeep Microfinance Foundation Press Release | Report | History |
Banks | Entity | 30-Sep-20 | Maintain | BBB | A3 | Stable | Yes |
| 253 | Chanar Sugar Mills Limited Press Release | Report | History |
Agriculture & Allied | Entity | 30-Sep-20 | Maintain | BBB- | A3 | Stable | - |
| 254 | Mehran Sugar Mills Limited Press Release | Report | History |
Agriculture & Allied | Entity | 30-Sep-20 | Maintain | A- | A2 | Stable | - |
| 255 | Ravi Automobile (Pvt.) Limited Press Release | Report | History |
Auto and Allied | Entity | 29-Sep-20 | Maintain | BBB | A2 | Stable | - |
| 256 | Ismail Iqbal Securities (Pvt.) Limited Press Release | Report | History |
Capital Markets | Entity | 29-Sep-20 | Upgrade | A- | A2 | Stable | - |
| 257 | First Punjab Modaraba Press Release | Report | History |
Non Banking Financial Institutes | Entity | 25-Sep-20 | Maintain | A- | A2 | Stable | - |
| 258 | Ellcot Spinning Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 25-Sep-20 | Maintain | A- | A2 | Stable | - |
| 259 | First Habib Modaraba Press Release | Report | History |
Non Banking Financial Institutes | Entity | 25-Sep-20 | Maintain | AA+ | A1+ | Stable | - |
| 260 | Askari Cement Limited Press Release | Report | History |
Infrastructure | Entity | 25-Sep-20 | Maintain | A | A1 | Stable | - |
| 261 | Engro PowerGen Thar (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 25-Sep-20 | Upgrade | AA- | A1 | Stable | - |
| 262 | Kashf Foundation Press Release | Report | History |
Banks | Entity | 25-Sep-20 | Maintain | A- | A2 | Stable | Yes |
| 263 | Nagina Cotton Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 25-Sep-20 | Maintain | A- | A2 | Stable | - |
| 264 | First Fidelity Leasing Modaraba Press Release | Report | History |
Non Banking Financial Institutes | Entity | 25-Sep-20 | Maintain | BBB+ | A2 | Stable | - |
| 265 | Prosperity Weaving Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 25-Sep-20 | Maintain | A- | A2 | Stable | - |
| 266 | Nishat Power Limited Press Release | Report | History |
Energy | Entity | 25-Sep-20 | Upgrade | AA- | A1 | Stable | - |
| 267 | Thar Energy Limited Press Release | Report | History |
Energy | Entity | 24-Sep-20 | Initial | A- | A2 | Stable | Yes |
| 268 | Global Marketing Services Press Release | Report | History |
Pharma and Chemicals | Entity | 23-Sep-20 | Upgrade | BBB- | A3 | Stable | - |